American Outdoor Brands Corporation (AOBC) Downgraded by Vetr Inc.

Vetr lowered shares of American Outdoor Brands Corporation (NASDAQ:AOBC) from a strong-buy rating to a buy rating in a report issued on Wednesday. They currently have $23.50 price objective on the stock.

AOBC has been the topic of a number of other reports. Jefferies Group LLC reissued a hold rating and set a $20.00 price objective on shares of American Outdoor Brands Corporation in a report on Friday, July 7th. Forward View restated a hold rating on shares of American Outdoor Brands Corporation in a research report on Wednesday, July 5th. Zacks Investment Research upgraded American Outdoor Brands Corporation from a sell rating to a hold rating in a research report on Tuesday, July 4th. Cowen and Company lifted their price objective on American Outdoor Brands Corporation from $24.00 to $27.00 and gave the stock an outperform rating in a research report on Friday, June 30th. Finally, ValuEngine lowered American Outdoor Brands Corporation from a buy rating to a hold rating in a research report on Tuesday, June 27th. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $23.39.

American Outdoor Brands Corporation (AOBC) opened at 21.69 on Wednesday. American Outdoor Brands Corporation has a 1-year low of $17.50 and a 1-year high of $31.19. The firm has a market cap of $1.17 billion, a P/E ratio of 9.64 and a beta of 0.04. The company has a 50-day moving average price of $23.29 and a 200-day moving average price of $21.17.

American Outdoor Brands Corporation (NASDAQ:AOBC) last issued its quarterly earnings data on Thursday, June 29th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.19. American Outdoor Brands Corporation had a return on equity of 37.76% and a net margin of 13.87%. The business had revenue of $229.20 million for the quarter, compared to analysts’ expectations of $210.82 million. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, equities research analysts forecast that American Outdoor Brands Corporation will post $1.56 EPS for the current fiscal year.

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In other news, Director Robert L. Scott sold 10,000 shares of the business’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $24.00, for a total value of $240,000.00. Following the completion of the transaction, the director now owns 57,448 shares in the company, valued at $1,378,752. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.94% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Deroy & Devereaux Private Investment Counsel Inc. acquired a new position in American Outdoor Brands Corporation during the first quarter valued at $297,000. DUPONT CAPITAL MANAGEMENT Corp acquired a new position in American Outdoor Brands Corporation during the first quarter valued at $306,000. IFP Advisors Inc acquired a new position in American Outdoor Brands Corporation during the first quarter valued at $368,000. Russell Investments Group Ltd. acquired a new position in American Outdoor Brands Corporation during the first quarter valued at $1,283,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new position in American Outdoor Brands Corporation during the first quarter valued at $111,000. Hedge funds and other institutional investors own 72.13% of the company’s stock.

American Outdoor Brands Corporation Company Profile

American Outdoor Brands Corporation, formerly Smith & Wesson Holding Corporation, is a manufacturer of firearms and a provider of accessory products for the shooting, hunting and outdoor enthusiast. The Company operates through two segments. The Firearms segment manufactures handgun and long gun products sold under the Smith & Wesson, M&P and Thompson/Center Arms brands, as well as providing forging, machining and precision plastic injection molding services.

To view Vetr’s full report, visit Vetr’s official website.

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